New Hampshire Revised Statutes 374-B:14 – Payments in Lieu of Taxes
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Terms Used In New Hampshire Revised Statutes 374-B:14
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric power facility by ownership, prepayment or contract for purchase of capacity and related energy from a specifically identified generating unit shall be subject to payments in lieu of such taxes in the same manner and under the same procedures as a corporation which is a domestic electric utility is subject to such taxes and shall be limited to only those exemptions as are available to such a corporation.